ACH parameters

Arix uses ACH to push money into the account of a borrower, vendor, or creditor. CR must approve every ACH payment that is sent.

There are two types of ACH rails:

COSACH

  • Via NACHA

  • Funded next day

COSACHSD

  • Via NACHA

  • Same day funding

Copy

JSON

{
    "LoanId": "bbedd717-8589-4411-b6da-ac6e0097bf51",
    "Rails": [
        {
            "ACHFields": {
                "StandardEntryClassCode": "PPD",
                "TransactionType": "push",
                "ToRoutingNumber": "021214891",
                "ToAccountType": "Checking",
                "ToAccountName": "Anita Lon",
                "ToAccountNumber": "9999999999",
                "Description": "Loan"
            },
            "Id": "23b5fedb-bc20-41a0-a4ae-ac9300b4530e",
            "RailType": "COSACH",
            "Priority": 1,
            "Amount": 100
        }
    ]
}

Request parameters

Attributes

Description

ToRoutingNumber

string

Receiving bank's routing number.
The value entered for this field is validated up front and it must be 9 digits long.

Required  

ToAccountName

string

 

Name on the customer account.
Limited to 22 characters.

Required  

ToAccountNumber

string

Account number.

Limited to 17 digits.

Required  

Description
string

Mapped to identification field in the NACHA file.
Limited to 15 characters.

Required  

StandardEntryClassCode

string

 

The type of account:

- PPD - consumer accounts

- CCD - corporate accounts

Required  

TransactionType

string

Push

Required  

ToAccountType

string

Checking account or savings account.

Required